Add as a preferred source on GoogleWhale Withdraws 1 Million CAKE Worth $2.16 Million From Bybit
The wallet also withdrew 800 BNB valued at about $576,000. PancakeSwap has separately proposed changes to trading-fee distributions and CAKE emissions.
A whale wallet identified as 0xf82 withdrew 1 million PancakeSwap (CAKE) tokens, valued at $2.16 million, from Bybit, plus another 800 BNB worth about $576,000.
Separately, PancakeSwap’s core team has proposed a governance plan called The Flip. It would raise the share of trading fees going to liquidity providers in v3 and Infinity pools to 88% across 11 supported blockchains.
The proposal would also lower daily effective CAKE emissions from 22,500 tokens to 7,000, a reduction of about 69%.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.